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Summary: Sprint Corp. Aug 02

  • ID: 2084088
  • August 2002
  • Standard & Poors
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Sprint Corp. is a global communications company providing local, long distance, and wireless services. The company is the third-largest long-distance provider and the fourth-largest nationwide wireless network provider in the U.S. The rating on Sprint reflects its increased business risk profile, especially that of the wireless sector, due to: Increased competition from other nationwide service providers, The effect on the quality of the subscriber base of a substantial portion of sub-prime customers, and The technology risk related to the deployment of 1XRTT for higher-speed data and the uncertainty of the demand for such services. In addition, Standard & Poor's perceives a longer-term risk from the significantly weaker Sprint PCS affiliates whose networks cover about 20% of Sprint PCS's total population...

Companies mentioned in this report are:
- Sprint Nextel Corp.

Action: Review

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- Sprint Nextel Corp.

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